A new commercial development underway in Englewood is set to become home to three local businesses — a barber shop, design firm and consignment boutique — thanks to a unique business-real estate co-op model which seeks to revolutionize the way small and minority-owned businesses grow and thrive across the city.

JP Morgan Chase is teaming up with LISC, Accion and Fifth Third Bank on an investment effort to support the growth of minority-owned businesses on Chicago’s South and West Sides. LISC’s Maurice A. Jones joined Mayor Rahm Emanuel and Jamie Dimon, chairman and CEO of JPMorgan Chase, to announce the Entrepreneurs of Color ...